OP2E.DE vs. EXSH.DE
OP2E.DE (Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR)) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds - OP2E.DE tracks the Bloomberg PAB Eurozone DM Large & Mid Cap while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 3 years, OP2E.DE returned 11.48%/yr vs 23.40%/yr for EXSH.DE. A 0.77 correlation means they provide meaningful diversification when combined. OP2E.DE charges 0.17%/yr vs 0.32%/yr for EXSH.DE.
Performance
OP2E.DE vs. EXSH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OP2E.DE achieves a 6.95% return, which is significantly lower than EXSH.DE's 13.96% return.
OP2E.DE
- 1D
- 0.77%
- 1M
- 6.48%
- YTD
- 6.95%
- 6M
- 8.21%
- 1Y
- 12.90%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
EXSH.DE
- 1D
- 0.47%
- 1M
- 4.04%
- YTD
- 13.96%
- 6M
- 19.08%
- 1Y
- 32.41%
- 3Y*
- 23.40%
- 5Y*
- 12.78%
- 10Y*
- 10.31%
OP2E.DE vs. EXSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP2E.DE Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) | 6.95% | 15.46% | 7.37% | 19.25% | 0.85% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.96% | 44.94% | 5.72% | 10.87% | 1.64% |
Correlation
The correlation between OP2E.DE and EXSH.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.77 |
The correlation between OP2E.DE and EXSH.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
OP2E.DE vs. EXSH.DE — Risk / Return Rank
OP2E.DE
EXSH.DE
OP2E.DE vs. EXSH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| OP2E.DE | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.48 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 4.85 | -3.77 |
| Martin ratioReturn relative to average drawdown | 3.64 | 16.10 | -12.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OP2E.DE | EXSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.69 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.32 | +0.54 |
Drawdowns
OP2E.DE vs. EXSH.DE - Drawdown Comparison
The maximum OP2E.DE drawdown since its inception was -16.56%, smaller than the maximum EXSH.DE drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for OP2E.DE and EXSH.DE.
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Drawdown Indicators
| OP2E.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -70.20% | +53.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -6.65% | -5.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -14.43% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.34% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.87% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -22.15% | +19.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.01% | +1.52% |
Volatility
OP2E.DE vs. EXSH.DE - Volatility Comparison
Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) (OP2E.DE) has a higher volatility of 4.94% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.90%. This indicates that OP2E.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OP2E.DE | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.90% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 9.77% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 11.99% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.61% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 17.15% | -1.97% |
OP2E.DE vs. EXSH.DE - Expense Ratio Comparison
OP2E.DE has a 0.17% expense ratio, which is lower than EXSH.DE's 0.32% expense ratio.
Dividends
OP2E.DE vs. EXSH.DE - Dividend Comparison
OP2E.DE has not paid dividends to shareholders, while EXSH.DE's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.47% | 5.15% | 5.86% | 6.39% | 6.06% | 3.77% | 3.58% | 4.50% | 4.42% | 5.03% | 4.99% | 3.96% |
OP2E.DE Ossiam Bloomberg Eurozone PAB NR UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OP2E.DE and EXSH.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP2E.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP2E.DE is cheaper with a 0.17% expense ratio, compared with 0.32% for EXSH.DE.
OP2E.DE tracks Bloomberg PAB Eurozone DM Large & Mid Cap, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.17% for OP2E.DE and 0.32% for EXSH.DE.
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